Kevin Wack is American Banker's national editor, and is based in southern California. He was formerly the publication's consumer finance reporter and its Capitol Hill correspondent. Earlier, he worked on financial policy in Washington. He has also reported for the Associated Press and worked as the investigative reporter for the Portland Press Herald in Maine.
-
Among the three measures is a requirement for boards of publicly traded firms to include more women.
By Kevin WackOctober 1 -
The Department of Justice and the Securities and Exchange Commission announced settlements Friday related to alleged misconduct that occurred during Renaud Laplanche’s tenure atop the online lender.
By Kevin WackSeptember 28 -
Renaud Laplanche agreed to pay $200,000 and accept a ban from the securities industry to settle a long-running SEC probe. A LendingClub subsidiary and the firm's former CFO, Carrie Dolan, were also fined.
By Kevin WackSeptember 28 -
The nation's largest bank overtook PNC Bank to snag the top spot in an annual study that evaluates satisfaction levels at the nation's six largest retail banks.
By Kevin WackSeptember 27 -
Gov. Jerry Brown’s administration sent letters Wednesday to 20 nonbank lenders that charge triple-digit annual percentage rates to try to determine if their use of online referrals is steering borrowers into larger loans than they want or need.
By Kevin WackSeptember 26 -
The report from an advocacy group that focuses on college affordability says schools need to do a better job of educating students about their eligibility for federal loans, which typically carry lower interest rates than loans from private-sector lenders like credit unions.
By Kevin WackSeptember 25 -
An examination of industry sales tactics conducted after the Wells Fargo scandal found that credit card accounts (not checking or savings) were the largest source of account openings without customer permission.
By Kevin WackSeptember 24 -
Two years into her tenure as the chief executive at Bank of the West, Nandita Bakhshi is candid about the hits — and misses — she’s experienced so far as she tries to grow an institution that has long had a conservative reputation.
By Kevin WackSeptember 23 -
The cuts are part of a broader effort to trim expenses by roughly $3 billion a year by 2020.
By Kevin WackSeptember 20 -
In response to a news report, Betsy Duke said that the board has not reached out to potential CEO candidates.
By Kevin WackSeptember 20